The phrase "the competition is over" is correct and usable in written English.
It is used to indicate that a competition has ended or been completed. For example: "We have finished the race and the competition is over. Congratulations to the winner!".
Exact(59)
The competition over electrics is picking up speed and players.
In the competition over the Eastern Partnership countries, that could benefit Russia.
The competition over, Oliver unsaddled Percy and fought back his own tears.
The competition over territory masks a larger issue, that of the balance of power in Asia.
"In the competition over the mines, they are emerging as the real winners".
The competition over these swing voters is driving the political calculations of each side.
To some, the competition over a front-row seat did not show White House reporters in the most flattering light.
We cast our eye over the previous all-English knockout ties in the competition over the past decade.
The competition over the airwaves is most ferocious in Iowa but is by no means limited to this state.
But the competition over fund-raising demonstrates that the competition between the two camps is not fully resolved.
Similar(1)
"The results I have had at the competitions over the past few weeks are promising".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com